General
Ambode Inaugurates N500m Disability Trust Fund
By Dipo Olowookere
Mr Akinwunmi Ambode, the Governor of Lagos State, inaugurated the Governing Board of the Office for Disability Affairs on Tuesday to manage the N500 million Disability Trust Fund.
The Governor expressed optimism that it would aid people living with disabilities in the state realize their dreams and live a more comfortable life.
Mr Ambode, who spoke at the Lagos House, Alausa, while inaugurating the Board, said it was in fulfilment of his administration’s promise to ensure that the affairs of people living with disabilities is managed by people passionate enough to show that there is ability in disability.
Describing the development as another milestone in his commitment to run an all-inclusive government, the Governor said the Board will, on behalf of the State Government, manage the affairs of people living with disabilities by issuing guidelines for their education, social development and welfare.
“The Board will also manage the Disability Trust Fund. In fulfilment of the promise I made on May 29th, 2016, this Fund has in its kitty today, N500m with a marching order to solicit from the public and other charitable organisations, additional support for its objectives.
“We could not have done otherwise, given the array of people with disabilities who possess requisite qualification, experience and character.
“In addition, we believe in their ability to manage the Disability Trust Fund more judiciously because they have a more personal understanding of the needs and situation of our less privileged people. This fund will give our brothers and sisters a needed boost to make a livelihood for themselves and a chance to fulfil their potentials,” the Governor said.
The Governor, however, assured that notwithstanding the N500million Trust Fund, people living with disabilities are still eligible to access the N25billion Employment Trust Fund (ETF).
Governor Ambode, while congratulating the members of the Board, tasked them to ensure that the principles of transparency, accountability, inclusiveness and fairness are observed in administering the Fund and coordinating all affairs concerning people living with disabilities.
“It is my belief that the fund should provide infrastructure and facilities required by needed parties to also complement the efforts of our administration,” he said.
Earlier, Commissioner for Youth and Social Development, Mrs Uzamat Akinbile-Yusuf, said that people living with disabilities have the same right as everyone else, noting that with proper planning, a person with special needs can have a more fulfilling, healthier and enjoyable life, hence the fulfilment of the Governor’s promise of the N500million fund to take care of people living with disabilities.
“This is an important step towards scaling up efforts to address disability inclusion and further strengthen the fact that social exclusion of persons living with disabilities is unacceptable in the face of economic and social progress in the state”, Akinbile-Yusuf said.
In his vote of assurance, Chairman of the Board of Trustee, Office For Disability Affairs, Dr. Oki Olabodunrin Waheed, thanked the Governor for reposing confidence in him and his team, just as he assured that they would discharge their duties conscientiously.
Other members of the Board are Leila Omawumi Atake, Rose Ekaete Mordi, Abdulwahab Matepo, Deaconess Adedoyin Beyioku-Alase, Dr Adebayo Adebukola Shehu, Biola Liadi, Bada Emmanuel Oladipupo, Hakeem Muri-Okunola, representing the Ministry of Youth and Social Development; and Dr Babatunde Awelenje.
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.
In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”
Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.
This was the first time in over a month as the last time the nation witnessed a nationwide shutdown in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
By Aduragbemi Omiyale
Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.
This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.
On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.
One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.
“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”
Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.
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